T.A. update for the open, December 16, 2009.

1. Yi: +4.3
2. Now trying to bottom out: $VIX, RBS, WFR
3. Moderately oversold: $BDI-weekly, AEM, MOT
4. Trying to hold some rising trendline support: CSCO, FXI, GE, HCBK, TSM
5. Attempting to hold the 28 DMA here: STX
6. Trying to hold falling trendline support: MTH
7. Up against rising trendline resistance: IYY, LDK, URE
8. Attempting to break above the 28 DMA here: CAT
9. Attempting to break above the 65 day: PTEN, SU, TLB
10. Trying to break above falling trendline resistance: $GASO, $NYA50R-weekly, $OEX, $SPX, LEN, MFE, NM, UYG
11. Moderately overbought now: $USD, FRO, FSLR, GA, IWM, OCR, PBW, TAN
12. Overbought: CSIQ, GLW, IDA, JASO, LOW, NST, TIE
13. Extremely overbought: TSL and V
14. Toppy here: ARM, BMY, CAKE, DDM, DVY, FSLR, GPC, IDA, KO, LOW, NST, TIE, V
15. A break out in either direction is on the way for: USD
16. Anything posted here may be off base.